Ovintiv Inc. (TSE:OVV) to Issue $0.30 Quarterly Dividend

Ovintiv Inc. (TSE:OVV) declared a quarterly dividend on Tuesday, September 15th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.30 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Ovintiv Price Performance

Ovintiv stock traded down C$0.28 during midday trading on Friday, hitting C$88.34. 130,640 shares of the company’s stock were exchanged, compared to its average volume of 263,786. The company has a market cap of C$24.43 billion, a P/E ratio of 24.68, a PEG ratio of 0.05 and a beta of 0.37. The company has a debt-to-equity ratio of 43.73, a quick ratio of 0.51 and a current ratio of 1.01. The stock has a 50-day moving average price of C$86.14 and a two-hundred day moving average price of C$80.62. Ovintiv has a 52-week low of C$50.13 and a 52-week high of C$93.43.

About Ovintiv

Ovintiv Inc is an oil and natural gas company actively engaged in the exploration for, and the development and production of, oil and natural gas reserves in the province of Alberta. Ovintiv’s primary focus is on the scalable and repeatable condensate-rich Montney formation in the Pipestone and Wapiti areas of the Alberta Deep Basin.